Schneider Electric breaks ground to build a plant in HCM City. (Photo: www.schneider-electric.com.vn)
SE, a global leader in electricity distribution and automation management, on January 26 started building a $45-million plant in the Saigon Hi-Tech Park
in Vietnam’s southern metropolis of Ho Chi Minh City.
With this project, Schneider Electric will integrate operations of its existing plants in Bien Hoa 1 Industrial Park and Amata Industrial Park, in a bid to produce smart-home products, adding to traditional electric products made in Vietnam over the past 20 years, the firm said on its website.
The first phase of the project will be built on an area of 10,000 square meters. Once completed at the end of this year, the plant will become a manufacturing hub for the Asia-Pacific region.
The plant is part of Schneider Electric’s supply chain comprising over 230 production facilities across the globe. Its products will not only be distributed in Vietnam but also exported to other countries.
Schneider Vietnam’s sales reached a three-year high in 2015 and recorded the fastest growth in the Southeast Asian region, according to the company’s website.